Posts Tagged ‘corporate

30
Jul
13

This and That

President Obama signs a line worker’s shirt after touring the Amazon fulfillment center in Chattanooga, Tenn., July 30 (Photo by Chuck Kennedy)

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Steve Benen: Why would the GOP balk at a corporate tax cut?

As promised, President Obama spoke in Tennessee this afternoon, and made congressional Republicans an offer they probably shouldn’t refuse: the GOP would get corporate tax reforms, including lower rates, while Democrats would get investments in infrastructure and manufacturing.

…. GOP opposition is just a little more difficult to understand. Sure, when the White House proposes new tax revenue from the wealthy, it stands to reason that Republicans will scream bloody murder. When the president talks about increasing the size of government in any appreciable way, we know the GOP will go berserk.

But corporate tax breaks and infrastructure jobs? Why announce knee-jerk opposition to these ideas?

I’ve spent some time this afternoon collecting Republican complaints about the new Obama offer, so let’s take them one at a time.

More here

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Smartypants:  A common sense proposal for NSA reform

Now that it appears as if the American public is ready to move beyond their fear-based approach to national security, I agree with President Obama.

I’ve got to tell you though Charlie, I think this is a healthy thing because its a sign of maturity that this debate would not have been taking place 5 years ago. And I welcome it.

That means that perhaps we can have a rational discussion about the NSA and potential reforms that make sense. Of course folks like Greenwald are not going to initiate a discussion about solutions – that would mean actually owning some responsibility rather than simply screaming from the sidelines (not to mention that solutions are terrible link-bait). But somebody needs to do it. As is often the case, that part is left to the pragmatists.

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@whitehouse This morning, President Obama and VP Biden met with Israeli and Palestinian negotiators on resuming peace talks

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ThinkProgress: Obama Calls Out Republicans For Wasting Time On Keystone: ‘That’s Not A Jobs Plan’

In a speech on Tuesday focused on repairing the American economy, President Obama called out Republicans in Congress for flouting serious job-creation efforts in favor of trying to repeal environmental regulations and push for the creation of the Keystone XL oil pipeline.

While Republicans have advocated for Keystone by insisting that it will create jobs, Obama slammed that assertion Tuesday, pointing to the Cornell University estimate that Keystone would only create 50 permanent jobs….

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The most useful invention since the wheel?

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Will catch up with whatever good stuff I missed in tomorrow’s R&S

05
Oct
11

‘cash warfare’

02
Jun
11

the corporate raider

Newsonline: ….Mitt Romney is promoting his private-sector business experience to show he could do better than U.S. President Obama in creating jobs. But opponents will find fault in his record as a corporate raider in the 1980s and as Massachusetts governor when his performance on employment was mixed at best.

Romney stressed his experience as head of private equity firm Bain Capital … He made a fortune wheeling and dealing in companies, some of which endured big job cuts as part of restructuring. Some ultimately went bankrupt.

“He was a corporate raider who often made companies profitable, not by helping them perform better – but by simply laying off employees and killing jobs,” said Ray Buckley, Democratic Party chairman of New Hampshire.

Bain Capital, which Romney headed for more than a decade, specialized in leveraged buyouts: buying companies with money borrowed against their assets, grooming them to be sold off, and in the interim collecting huge fees.

Later, as Massachusetts governor from Jan. 2003 to Jan. 2007, Romney presided over one of the puniest rates of employment growth among the 50 U.S. states, at a time the nation’s economy was booming. Labor Department figures showed Massachusetts ranked 47th in the rate of jobs growth in those four years.

More here

Thank you Proud 😉

I read a more detailed piece about Romney’s dire record on jobs a while ago, will try to find it




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